83
624
623
13,99 13.70
440
Close 10,83/85
Opening
Closing
.91, up
Change
10.88/88
10.81/83
On demand................. 42 3/4
10 84/84
10.87/67
10.82/83
10.74/76
10.80/79
10.72/72
Telegraphic Transfer.
On New York:---
Bank Bills, on demand 24 1/8 Credis, 60 days' sight 24 7/9
10.71 N 10.10
. 10.75/75 10.73/73
.02 of .02 off 10.77/77. .03 up 10.75/75 10.74/74 11.14
.03 up
.03 up
04 up
American Cyanamid B. Amer. & Foreign Power ... Ainer Foreign $7 pf.
Total sales Friday:-203,900 bales.
Ainer. Locomotive
Amer. Metals Co............
er. Radiator
22.35b/50a
22,48/48
07 up
Amer. Rolling Mill
On Batavia
21.80b/92a
21.95/95
,05 up
Amer. S'ting and P'ing Co.
On demand
On Paris:
21.44/45 21.006/20a
21.45 N
.05 up
Amer. Sugar Refining
21.20 N
...05 · up
Amer. Tel, & Tel.
On Saigon:-
Bank Bills, on demand Som
Credits 4 months' sight Now.
J
Total sales for the day:-40 tons.
CHICAGO WHEAT
On demand 104 1/2 May
Amer. Tobacco “B”.
Amer, Waterworks
PAGE_10-HONGKONG DAILY PRESS
FINANCE
FOREIGN MARKETS & QUOTATIONS
MONEY AND ~ │
EXCHANGE
CLOSING QUOTATIONS
MARCH 17, 1941.
On London:-
Telegraphic Transfer. 14 7/8 Bank Bills, on demand 1/8 7/9 Credits 4 months' sight
On Shanghai:-----
On demand
On Singapore:~~
1. On Japan:----
On demand
On India:-
and demand
NEW YORK COMMODITY. MARKET
(REUTER'S SERVICE)
NEW YORK, Mar. 16, 1941.
New York Cotton. May New York Rubber, May Chicago Wheat, May Chicago Corn. May New York Hides. June
NEW YORK COTTON
May
July
October
... 2 1/2
December
January
Spot
82 1/9
NEW YORK RUBBER
May
..
#22.41/41
45 1/4
July (New contract) September ( December
21.90/93
}
"
21.40/40
21.15 N
Prev. Today's
22.41
High Low Close Close Change 10.90 10.81 10,89 10,81 .02. off 2248 22.48
22.48 .07 up 871 881
87 I up 63
up 13.66b 13,07
108
NEW YORK STOCK EXCHANGE
STOCKS
Adams Expresa Alleghany Steel Co. Allis Chalmers «********** - Aluminium Ltd, .................
amer. Can
QUOTATION (REITER'S SERVICE)
MARCH 16, 1941,
Last Sale
TUESDAY, MARCH 18, 1941.
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
INDIA, AUSTRALIA
AND UMINA
BANKING CORPORATION
||
Authorised Capital............. $50,000,000
Isaned & Fully Paid-Up 890,000,000 | Incorporated by Royal Charter, 185a
Reserve Funds:
Hon. Mr. T. E. Pearce,
Hon. Mr. A. L Shields, Sir Vandeleur M. Grayburn,
Chief Manager.
38, Bishopsgate E.02 Sub-Agencles In London: 117/122, Leadenhall Street, E.Ca...... West End Branch: 14/16, Cockspur Street, S. Wi Manchester Branch: 5, Mosley Street, Manchester,
AGENCIES AND BRANCHES
ALOR STAB AMBITHAR BANGKOK
| BATAVIA
BOMBAY
CALOU TEA
BONG KONG PINANG ILOILO
KLANG
AGENCIES: KODR
OLIVE STREET KUALA FARLAN FLAGR
Sterling
£8,500,000 Paid-Up Capital :....... ....£3,000,000 H.K. Currency Reserve $10,000,000 Reserve Fund Reserve Liability of
STOCKS
Last Sale
Proprietors.........
$90,000,000
Mar. 15.
Mar. 15.
.....£5,000,00 Keserve Liability of Pro-
£3,000,000 prietors
HEAD OFFICE: LONDON:
52*
Loew's Inc.
33
Head Office:-HONG KONG
221
Loft Incorperated
181
29
Mack Truck Inc.
741
283
Martin, Glen L
283
Board of Directors: Hon. Mr. J. J. Paterson,
861
331
'*མྷཱ!
McKesson & Robbins, pid. 251* Montgomery Ward
W. H. Lock, Esq.,
371
101.
13/181 M'tsin City Copper Co.
31
Chairman,
Deputy Chairman.
13*
| National Aviation
J. K. Bousfield, Esq.,
9*
Nat, Dairy Products.
137
A. H. Compton, Esq.,
181
National Distillers......
L. J. Davies, Esq.,
211
81
Hon. Mr. S. E. Dodwell,
National Lead
163
137
G. Miskin, Esq.,
| Nat, Fower & Light
401
K. S. Morrison, Esq..
National Supply Corp.
181
New York Central
127
1617
RANGOON
IPOH KARACHI
BAIGON
BEREMBAN
SHANGHAJ
BINGAPORS
| Niagara Hudson. Power
21
681
N. American Aviadon
54
SITIAWAN
KOURABAYA
North American Co.
154
LUMPUR
Anaconda Copper
241
CANTON
TÄLPING
{Northern Faciāc
Branches:
KUCHING
861/861
On Manila:-
July
821/82
#881/882 823/83
87/871
1 ub
Atchison, T. & S. Fe.
24
CAWNPORE
THENTAIK
Owens-Illinois Glass Co.
44
MADRAS
331/84
1. up
Aviation Corp.
37
Amoy
Pacific Gas & Elec
On demand
September
827/83
841/841
Baldwin Lecometire
1 up
157'
Bangkok
Packard Motors
23
On Bangkok:-
Baltimore & Ohio
Batavia
31
On demand
"148 149
Friday's sales:-5,563,000 bushels.
Pan-American Airways
19
Barber Asphalt Co.
Bombay
Kuala
Johore Rangoon Kobe Saigon Kowloon San
Francisco
CER U COLOMBO
MANILA
Paramount Pictures
11
On Sterling Notes:-
CHICAGO CORN.
Calcutta Lumpur Shanghai
Barnsdall Of
81*
Pennsylvania R.R,
237
Canton
London
Singapore
Bank Buying Rate
Now.
May
621/622
627/821
63/63
} up
Bendix Aviation
354
Phillips Petroleum
38
Chefoo
Lyons
Bar Silver per oz.
23 1/2
July
621/623 621/623
631/63
up
Bethlehem Steel
791
Public Service of N.J.
251
Colom
Malacca
Sourabaya Sungei
J
MARKET
Market Report
FROM ROZA "BROS.
Monday, Mar, 17.
Sliver prices were unchanged
Total sales for the day-130 contracts.
over the week end, the quotations NEW YORK COCOA remaining at 23.1/2 for Ready and
May 23.7/18 for Forward. American Silver was unquoted.
The London/New, York cross- May "rate was quoted at 402.1/2. New July
York/London was quoted at 403.- 1/2,"
September
621/623
631/831
1 up
Biss&Co.
164
NEW YORK HIDES
sueing Airplane Co,
Pullman Inc...................
241
Dairen
Manila
Pataci
152
Foochow
Muar
Pure Of
72
Swatow
Borg-Warner
181
June September
13.65b/71a 13.70/70
13.97/99
31 up
Radio Corpn. of Am.
Briggs Mig.
23
Rankow
13.75/75 13.74/74
14.00/00
29 up
Reading Company,
Com 14*
Harbin
Budd M'facturing Corp.
31
Janadian Pacific R'way
Remington Arms Co., Inc.
42*
floilo
3}}
Republic Aviation Corp. ...
41
(pob
Case, JI
481*
Celanese
23+
Republic Steel
194
7,67 N
NEW YORK SUGAR NO. 3
7.100/128
7.18 N
11 up
Bevere Corp.
01
Chesapeake & Ohio
39
Chrysler Corpa.
671
Reynold Tobac. "B"
314
Columbia Gas & Hea...
41
Bateway. Stores
393
2.355/36a 2,39b/498
2.35b/36a 2.38b/398
unch,
Commercial Credit Co.
30
Schenley Distillers
91*
.01 off
Com, & Southern (Ord.) ...
Scars Roebuck
73
11/18
Quiet.
were
Stagnant.
No business was reported. The market closed with sellers at 1/3
+
The market closed with sellers
24.9/16 for Cash.
SHANGHAI DOLLARS
Quiet.
0/3-1/4
5-5/18
up to June, buyers at 1/3.1/32 for Canton-Kloon Aly. 5% any delivery.
U. S. DOLLARS
at 241/2 for near, buyers
The market closed with) Chinese 5% Crisp Loan.
sellers at 453.
SHANGHAI MARKYT Unchanged. Sellers of Sterling
at 3.19/64 for Spot. and U. B. Dollars at 5.3/8 for Spot.
Shanghai Exchange
Shanghai, Mar, 17 (Reuter).
Official T.T. Rates
Opening
Loridon New York
War Loan, 31% (Red,
after 1952) Defence Loan, 3%
STERLING
There were sellers at 1/3 up to June, buyers at 1/3.1/32 for any delivery.
V. S. DOLLARS Nothing doing. There small sellers at 24.1/2 for near, buyers at 24.9/16 for Cash.
SHANGHAI DOLLARS
Opened with sellers at 452 with LONDON STOCK
business done as high as 454. The market closed at lunch time with sellers at 453, buyers at 453.1/4.
SHANGHAI MARKET
EXCHANGE
(REUTER'S SERVICE)
London March 14.
The following quotations are the middle prices at the close of the
British Holdings In U.S. Sold
NEW YORK. Mar. 17 (Reuter)-
Erratic Opened with sellers of Sterling at 3.5/16 and closed with sellers at 3.19/64 for Spot, U. 8. Dollars opened with sellers at market in London. All quotations British holdings in the American 5.13/32 and closed with sellers at are subject to confirmation and no Viscose Corporation, a subsidiary 5.3/8 for Spot.
responsibility is assumed for errors of Courtaulds, Limited, and the 'n transmission.
AFTERNOON MARKET
STERLING
Volume of business done:-266 lots
NEW YORK SUGAR NO. 4
May July
Consolidated Edison ......
Shell Union Oil
114
21+
Consolidated Ou
51
Socony-Vacunum Oil
82
.79b/.79 .83b/.83ja Volume of business done:-209 lots NEW YORK COPPER FUTURES July
11.65b/67a 11.62b/70a 11.85b/69a N.Y Official Silver...... 34-3/4 NY-London Crous Rate 4.03-1/2
.70b/.810 84/.84.
794b/.808 BAD/84 a
.001 up
Continental Can
37+
Southern Pacific
.01 up
Continental Ofi
184
Southern Rly $5. pfd.
22
TRUSTEE
and..
Copperweld Steel
142*
Spleer Manufacturing Co. 332*
Curtiss Wright (0)
91
Standard Brands
81
15/16
Curtiss Wright "A"
271
Stand Gas & Elec, ......
unch,
Deere & Co.......
201
Standard Of of California » 19
.HONGKONG SAVINGS
Standard Olof N.J.
351
Haiphong (Johore) Tientsin
Mukden Tokyo
New York Tsingtao
Peiping Yokobama
Редаде
DELHI
HAIPHONG
... PRIPING
(Peking)
FOREIGN EXCHANGE sad Genorai Banking Business transacted.
CURRENT ACCOUNT opened and FIXED DEPOsiva · received for One Year or shorter periods in Local ex Other Currencies at rates which will be quoted on application..
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with
CURRENT ACCOUNTS opened | interest "allowed at rates cbtainable in Local Currency and FIXED DE-on application. POSITS received for one year or The Bank's Head Office in London shorter periods in Local and Other undertakes Executor and Trustee Currencies on terms which will be business, and claims recovery of
quoted on application.
SAFE DEPOSIT BOXES of various sizes to let.
EXECUTOR
business undertaken. Hongkong, 28th February, 1941.
BANK
British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
W. H. EVANS THOMAS,
Manager.
KEDAM
NEW YORK
TONGKAN
(Bhuket)
THINGTAG-'
TOKOHAMA
| HAMBURG HANKOW
unquoted 4,03-1/2
Distillers Corpn. Beagrams
16
Douglas Aircraft
734
Stone & Webster
81
Du Pont de Nemours
1461
Studebaker Com,
#61
The Business of the above Bank
Eagle Picher Lead
**
Swift International
18+
is conducted by the BONGKONG
SHANGHAI BANKING COR-
Eaton Mfg. Co.
33
Technicolor
Elec. Autolita
904
Texas Corpn. ....
351
Elec. Bond & Share
31
Texcs Gulf Sulphur
354
ed on application.
lee. Bond & Share $5 pf.
55
Timken-Axle ..............
314
BANKING CORPORATION.
lec. Bond & Share $8 pt.
Trans-America Co
+1
637
Elec. Power & Light $7 pf. Flintkote
34
20th Cent. FUX.
81
132
Union Bag & Paper Corp.
11*
Bong Kong 25th Feb., 1839.
Gen American Trans.
51
Union Carbide & Carbon
67.
Gen. Electric
334
Union Pactic
78
Jen Motors
437
United Aircraft
39
Gen. Railway Bignal
134*
United Airlines Trans "...
131
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
£
104 101-9/16
11.
largest producer of rayon in the United States, have been sold on behalf of the British Government to a group of American investment and banking firms.
Gen. Tire & Rubber Glidden Co. Goodrich (BF.) .... Goodrich $5 pf. Goodyear Tire & Co. Great Northern Iron Ore
112*
United Corpn.
12.
141
United Corpn. $3 cum pi.
251
HEAD OFFICE:
........ 13
United Gas Corpn..........
**
62*
United Gas Improvement 83
16, PINE STREET.
NEW YORK.
18
U.S., Industrual Alcohol.
24*
148*
US. Rubber
Chinese 41% Gold Luan
?
at
1898 (Brit. Issue.... Chingie 5% Gold, Bonds,
1925/A!
42
The transfer of what is pro- bably Britain's most valuable single holding In the United States as part of a programme to raise dollar
Great Northern Rly, pid.
25+
U.S. Rubber $3 pfd.
224 914
57
Great Western Sugar
251
US Smelting
Greyhound Corpn.
113
U.S. Steel
581
Interest Rates on Application,
Hercules Powder Co
721
Vanadium
279
40-44
Chin. 44% Anglo-French
Loan, 1908
45
**
1912
24
the payment
Chinese 5% Reorg, Loan,
$40,000,000 on
account. It is es-
1913 (Lda. La.) Chinese 8% Ster. Notes,
1925 (Vickers)
31
exchange was Lounced yesterday by a British Treasury expert
The total price cannot yet be stated, but the contract requires
of approximately
Inter. Paper & Power Int. Tel, & Tel Johnsman
Kentecott Copper Libbey-Owens-Ford Lockheed Aircraft
an-
Homestake Mining
461
Vultee Aircraft
SAFE DEPOSIT BOXES
Int Nickel
27
Walworth Co.
51
137
Warner Bros. Pict
3
21
Westinghouse Elec,
.952
Thie Bank is entirely owned by
Тик CHASE
NATIONAL BANK,
591
Woodward Iron Cor.
28*
334
Chase National Bank
over U.S.$3,800,000,000.
Glasa 342
National City Bank
D. L. BALLANTYNE,
8-10
Chin: Imperial Rly. 5%
Logn
47
Ionan Rly, 5%
14.
Hukuang Rly. 5%, 1911....
Bigh
(LP, N/Y Issue)
14
Bukuang Rly. 5%, 191
German Issue
12
Lung Tsing & U Hal
Japan
22-1/2
Rly. 5% 1913
12
·India
Paris Hongkong
18
6'hai-N'King Rly 5%
14
esig
nominal
21-5/8
Tientain-Pukow Rly. 5%
(Brit. Stpd.)
12
Sterling...
Sellers
Tientsin-Pukow Rly. 5%
(German Stpd.)
12
Tientsin-Pukow Riy. 5%
Brit. Stpd. Bupi, Loan)
12
Spot
Mar,
Apr.
Spot
Mar.
Apr.
Market: Quiet.
Silver Duty Rate
Tientsin-Pakow Rly. 5%
75
H.K. & 8 hai Banx (Col.
Peg)
Trams, $16.75.
77
17/-
41-
123
Fekin Syndicate .......
1/8.
12/6
hai Waterworks "A"
1111
Union Insurance
24
སུ སྐྱ་སྐབསྙgRE ==
Closing
Opening 0/3-5716 0/3-19/64- 0/3-5/16 0/3-19/64 0/3-19/54 0/3-9/32 U.S. Dollar*
$5-13/325-3/8 5-13/32 5-3/8 5-13/32 · 5-3/8 ·
(Ger. Stpd, Bupl Loan), 12
Jap. 6% Ster. Loan, 1924 22-251
Ger, 75 Intl Loan, 1924. 51
Chartered Bank
H.K. & S'hal Bank (Ldn
Reg.)
The Central Bank of China's Chineze Eng. & Mining
rate on London at 10 a.m. was 1/2-1/24.
today
The Equalisation rate was. 241
per cent
WOODCUTS
EXHIBITION
exhibition
(Dearer)
Chosen Corporation Mercantile Bank of In-
dia. £5. "G":
B'hai Elec, Constr.. Co.
was Gula Kalumpong Rubber 15/9 A woodcuts opened in Changsha under the Lon, Mid & Scot, Rly, 128 sponsorship of the National Wood Great Western Rly....... 324 : cutters Association. It will last National Bank of India 314... for three days. More than 700 B-A, Tob (bearer). 86/3 31/9 woodcute by well-known Chinese Dunlop Rubber artists are on display(Central Bristol Aeroplane." 10/11- Imperial Chemical Ind. 28/101 News)
timated that between $80,000,000 and $100,000,000 will be realised.
HONG KONG STOCK
EXCHANGE:
The usual Monday lassitude per- vaded the market, though towards | the close a few stocks were enquir- ed for.
BUYERS
Bank of East Asia, $70.
Union. Ins., $425.
Wharves, $93.
Providents, X.D. $5.05. Humphreys, $8.70.
Lights (0), $6,20.
Electrica (0), $41.
Electrics (N), $40.90. Macao Electrics (0), $17.90. Telephones (0), $24. Watsons, $10.75.
SELLERS
Telephones (0), $24.50.
Wharves, 394.
SALES
Hotels, $3.20... Lights (0), $8.25.. Dairy Farms, $18, Watsons, $10,75.
United Steel
20/71
Woolworths
·48/
Marxman. Investments
6/8
Western Hokiz'ga Hub-Nigel
$/9
142/B
[[(bearer)
42/5
Chell Trani & Trad
· 26.45 18.03 20
92.10 83.00 40
64.07 48.74 31
WANT ADS
INDO-CHINA
STEAM NAVIGATION COMPANY LTD
Operating Services for Cargo and Passengers
TO-
SWATOW, SHANGHAL TSINGTAU, CHEFOO
and TIENTSIN
"KOBE and
OSAKA
SINGAPORE, PENANG and CALCUTTA SANDAKAN AG
HAIPHONG
All steamers berth alongside the Roosevelt Terminal #in
the French Concassion at
Shanghai, where passengers Bod cargo are landed.
For farther partionlara
please apply tom
ATHESON&Co.,LTD.
JARDINE MATH
TELEPHONE KOHIRIGENERAL MANAGERS.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE
BANK...
PAID-UP CAPITAL $40,000,000,00 (BRANCHEF ALL OVER ÜRINA)
Owing to our numerous Branches in China and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking-and- Exchange.
Head Office:--SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices.
CANTON
SWATOW
SHTUCHOW
KONGMOON TOISHAN KINGCHOW.
We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.
SHOUJCHEN.
Mt Manager.
24**
Libby, Moneill & Libby
54
DOW JONES AVERAGE
1940/41
Low Dow Jones Averages 152 80 111.84 30 Industrials
32.67 29.145 20 Raila
Utilities Bonds
Mar. 16, 1941.5m Mar. 14, High Low Close
Change
122.75
123,04 1×2.03 123.40
.65 up
24.01
98.10 28.08 24,09 -
.08 09
19.85
19.80 19.85 19.74
.09 up
Commodity Index
90.83 61.13
$11.95 81.50
..12 up
.37 up
Businees Done: 270,000 shares
BANK OF EAST ASIA, LIMITED
PORATION Rules may be obtain-Authorised. Capital.....$10,000,000.00
For the HONGKONG & SHANGHAI
Paid-Up Capital Al 5,598,800.00 Reserve and Undivided
V. M. GRAYBURN,
Chief Manager...
2,963,261.50
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Director.
Fang Plug Wah Esq.
HON. SIB SHOUson Chow, Chairman
Li Koon Chen, Ess, P. K. Kwok, Esq. Wong Tom Tong, Esq. Chan Ching Shuk, Esq. KAN TONG Po, Esq., Chief Manager.
Me. Li Tsx Fong, Manager
An American Bank offering com-Hon.
plete Foreign Banking Service in the principal Marketa of the world.
Branches and Agencies;
Bewloon Semang
Laudon
Manila
Kalbomens
Hangoon Balgon
Barlow
Bad Fran- Sydney
dimo Tuatha
Vancouver
Sestila
Shanghai
Every description of Banking and
NEW YORK, with Resources of Exchange business transacted. Lon
Manager,
granted on approved securities.
Current Accounts opened in Local- Currency and Fixed Deposita ro ceived for one Foar or shorter periods in Local and Foreign Cur- ruacies on termis which will be quoted in 'application.
Safe Deposit Buzes To LEL,
KAN TONG PO,
Chief Manager.
Profits
Li Las Sang, Bag.
Wang Cha Son, Esq.
Amoy
Setaria
Bourabaya
Bombay
Caloutta
Даброст
Nagats
Hackow
New York
acaolulo
Farr
Semara
Βούτ
Peping